and promotes the growth of co-operative bank in India. Under theBanking Regulation Act of 1949, Co-operative banks have been broughtunder the control of the Reserve Bank of India.
1.2> Structure of co-operative banking in India: -
Co-operative banking in India is federal in its structure. It is to benoted that the word 'federal' means where an institute subordinates its power authority. The State Co-operative Bank (SCB) which is alsoknown as the Apex Bank among the co-operatives functions at the statelevel. At the district level, there is the District Central Co-operative Bank (DCCB) for each district. At the base of the pyramid there are thePrimary Credit Societies or the Primary Agricultural Credit Societies(PACS) which cover small towns and villages. Each higher level co-operative bank is a federation of those below having membership andloan operations restricted to their affiliated units.
STRUCTURE OF CO-OPERATIVE BANKING IN EACH STATEOF INDIA
SCB(APEX BANK)DCCB DCCB DCCBPACS PACS PACS PACS PACS PACS
SCB= The State Co-operative Bank.